Susan Wiseman, General Counsel at Braze , Inc. (NASDAQ:BRZE), recently executed two sales of the company's Class A Common Stock. On November 18, Wiseman sold 3,853 shares at a weighted average price of $34.45, totaling $132,735. A subsequent sale on November 20 involved 3,557 shares at a weighted average price of $36.02, amounting to $128,123. These transactions were part of a pre-established trading plan, aligning with a non-discretionary sell-to-cover program and a Rule 10b5-1 trading plan. Following these sales, Wiseman holds 199,520 shares of Braze, including 75,766 shares represented by restricted stock units.
In other recent news, Braze Inc. reported a 26% increase in its fiscal second quarter 2025 revenue, reaching $145.5 million, and added 61 new customers, bringing the total to 2,163. Revenue for the third quarter is projected to be between $147.5 million and $148.5 million, with full fiscal year 2025 revenue expected to be between $582.5 million and $585.5 million. Stifel initiated coverage on Braze, setting a price target of $37 and highlighting the company's strong positioning in the customer engagement software space. Meanwhile, DA Davidson, BTIG, and JPMorgan maintained their Buy ratings on Braze, with price targets of $55, $62, and $55 respectively, emphasizing Braze's growth potential and strong market position. Goldman Sachs also reaffirmed its Buy rating with a price target of $65, expressing confidence in Braze's long-term growth prospects. These are the latest developments in the ongoing analysis of Braze's market performance.
InvestingPro Insights
To provide additional context to Susan Wiseman's recent stock sales, let's examine some key financial metrics and insights for Braze, Inc. (NASDAQ:BRZE) from InvestingPro.
Braze's market capitalization stands at $3.72 billion, reflecting its position in the software industry. The company has demonstrated strong revenue growth, with a 31.12% increase over the last twelve months, reaching $535.87 million. This growth trajectory aligns with the company's expanding customer base and product offerings.
Despite the revenue growth, Braze is currently not profitable, as indicated by its negative P/E ratio of -30.29. This is not uncommon for high-growth tech companies prioritizing market expansion over immediate profitability. However, an InvestingPro Tip suggests that analysts predict the company will be profitable this year, which could be a positive sign for investors.
Another InvestingPro Tip highlights that Braze holds more cash than debt on its balance sheet, indicating a strong financial position. This liquidity could provide the company with flexibility for future investments and operational needs.
It's worth noting that Braze has seen a strong return over the last month, with a 19.07% price total return. This recent performance might explain the timing of the insider sales, as executives often sell shares when prices are favorable.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. In fact, there are 6 more InvestingPro Tips available for Braze, which could provide valuable perspective on the company's financial health and future prospects.
Susan Wiseman, General Counsel at Braze, Inc. (NASDAQ:BRZE), recently executed two sales of the company's Class A Common Stock. On November 18, Wiseman sold 3,853 shares at a weighted average price of $34.45, totaling $132,735. A subsequent sale on November 20 involved 3,557 shares at a weighted average price of $36.02, amounting to $128,123. These transactions were part of a pre-established trading plan, aligning with a non-discretionary sell-to-cover program and a Rule 10b5-1 trading plan. Following these sales, Wiseman holds 199,520 shares of Braze, including 75,766 shares represented by restricted stock units.
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